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#Thread about #CommodityMarket #trade #geopolitics #Switzerland :

Despite billions in sales, the names of the major commodity traders such as Vitol, Cargill, Trafigura, Mercuria or Louis Dreyfus are largely unknown to the general public.

nzz.ch/pro-global/per…
After all, the Swiss raw materials group Glencore has emerged from the dark after its IPO in 2011 and several scandals that made headlines.
The numbers are impressive: the three retailers Cargill, Vitol and Glencore made a combined net profit of around 76 billion dollars in the decade before 2011. This is more than Apple's or Coca-Cola's profit during that period
Read 24 tweets
Not crude oil and natural gas, but raw materials such as cobalt, tungsten or lithium will shape geopolitics in the future

With the energy transition, the importance of metals that are used for batteries is increasing.

nzz.ch/pro-global/per…

#China #Commodities
However, the fall in the price of many raw materials from 2012 onwards put questions about security of supply into the background, especially in European politics and industry.
#CommodityMarket
#China #Commodities #Oil #oilandgasindustry #geopolitics #news #Europe #green #energy
To this day, Asian and above all Chinese companies dominate battery production, so that a considerable part of future value creation and jobs in the European automotive industry are in danger of being lost.

#CommodityMarket
#China #Commodities #Oil #geopolitics #news #Europe
Read 11 tweets

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